Vecna Cares Charitable TR

Analysis

Vecna Cares Charitable TR is a registered charity in United States, based in Burlington, MA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Vecna Cares Charitable TR reported income of $477k and spending of $795k, spending 167% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.8m to $477k (-83%), an average of -45% a year. The sharpest change came in the year to December 2020, when income dropped by 58%. Over the whole period it spent 133% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vecna Cares Charitable TR sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Prairieland United Way Inc ($476k), Shalom Mountain Inc ($477k) and Woodbury Community Foundation ($476k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.0% and program service revenue 72% of the total. Other salaries and wages came to $347k. At year end it held assets of $305k against liabilities of $2.2m, net assets of -$1.8m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.